PayPal Holdings Inc. (NASDAQ: PYPL) said on Wednesday that its profit in the fiscal fourth quarter posted a 200% annualised growth as the COVID-19 pandemic fuelled a shift to digital payments. PayPal shares, that you can learn to buy online here, gained roughly 2.5% in after-hours trading on…
Biogen Inc. (NASDAQ: BIIB) said on Wednesday that its profit in the fiscal fourth quarter came in weaker than expected. Its revenue, however, topped analysts’ estimates in Q4. As per Biogen, it spent more in the recent quarter on research and development. Biogen was reported about 2.5% down…
Spotify Technology S.A. (NYSE: SPOT) said on Wednesday that its revenue in the fiscal fourth quarter came in better than expected. Its loss in Q4, however, remained wider than what analysts had anticipated. Spotify also gave dovish guidance for the first quarter on Wednesday. The NYSE-listed shares of…
Amazon Inc. (NASDAQ: AMZN) said its sales blew past £75 billion for the first time in the fiscal fourth quarter. Also on Tuesday, CEO Jeff Bezos said he will exit the role in Q3 of 2021 and named Andy Jassy, the current head of Amazon Web Services, as the…
Alphabet Inc. (NASDAQ: GOOGL) reported its financial results for the fiscal fourth quarter on Tuesday that beat Wall Street estimates despite the ongoing COVID-19 crisis. Alphabet shares were reported about 6% up in extended trading on Tuesday. The stock is now trading at £1,494.90 per share versus a low…
Sundial Growers (SNDL) rose to prominence this morning as its share price increased by more than 45%. SNDL attracted attention on the WallStreetBets Reddit, with investors speculating that SNDL was a heavily-shorted stock. Is this yet another short squeeze after the ones seen for stocks like…
Pfizer Inc. (NYSE: PFE) said on Tuesday that its profit in the fiscal fourth quarter came in weaker than expected. Revenue, on the other hand, topped analysts’ estimates in Q4. The company also gave upbeat guidance for the full financial year on Tuesday. At £26.33 per share, Pfizer…
Webull is a large and relatively new financial services provider. Founded in 2017 by Wang Anquan and based in New York, its total registered users exceeded 11 million last year. However, investors have been left angry at Webull’s handling of the recent WallStreetBets situation, and whilst it stopped short…
Interactive Brokers – a large American multinational brokerage firm – restricted the trading of GameStop (GME) and AMC shares several days ago. Many retail investors viewed this as a clear indication that Interactive Brokers is on the side of the hedge funds. Chairman Thomas Peterffy’s interview with…
Exxon Mobil Corp. (NYSE: XOM) said on Tuesday that it swung to a massive net loss in the fiscal fourth quarter. Its adjusted profit in Q4, however, topped analysts’ forecasts. Exxon’s financial report comes only days after its peer, Chevron Corp published its earnings report. Exxon Mobil shares…
Otis Worldwide Corp. (NYSE: OTIS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated. The company also gave upbeat guidance for the full financial year on Monday. Otis Worldwide opened at £47.80 per share on Monday and closed…
If you have been following the financial markets in the last week, you will have noticed that hedge funds have been all over the news. In this article, we will break down what they are, how they work, how this affects you, and why they have been all over the…
GameStop Corp (NYSE: GME) shares on Monday remained volatile in premarket trading as the Reddit-fuelled retail trading frenzy continued. The Grapevine-based company was reported about 18% up before market open on Monday but lost close to 7% later on. The stock gained roughly 1800% in January. The frenetic trading…
Thermo Fisher Scientific Inc. (NYSE: TMO) reported its financial results for the fiscal fourth quarter on Monday that topped analysts’ estimates for earnings and revenue. In related news, Vertex Pharmaceuticals is also scheduled to publish its Q4 earnings report on Monday after market close. Thermo Fisher shares, that…
Robinhood restricted users from buying several stocks, including GameStop Corp (NYSE: GME), on Thursday citing extreme volatility fuelled by a Reddit group called WallStreetBets. GameStop has so far rallied more than 2000% in 2021. The move infuriated Robinhood’s users, one of whom filed a lawsuit against the trading platform…
GameStop’s (NYSE: GME) over 2000% rally has been the talk of the market in the past couple of weeks. Barclays on Friday, however, said that the short squeeze is unlikely to hold broader consequences for the market. According to Barclays: “The ongoing short squeeze in a few stocks…
It has been a truly manic week. The WallStreetBets strategy to gamma squeeze hedge funds has resulted in unprecedented market movements for stocks like GameStop (GME) and AMC Entertainment Holdings (AMC), and now the enormity of the losses for some institutional investors have become clear. Are…
Cryptocurrencies prosper when the status quo shows its true colours, and today could be a big day for Bitcoin. Yesterday, a scandal commenced that has no end in sight. Robinhood, one America’s largest trading stockbrokers, suspended purchases on 13 stocks that had experienced a gamma squeeze at the…
Online brokerages, including Robinhood, announced to have halted the purchase of several stocks on Thursday, including GameStop, that a group of retail investors targeted in recent weeks, resulting in unprecedented rallies. Lawyer Jake Chervinsky of Compound (Fintech Company) tweeted: “Robin Hood: a parable about stealing from the rich…
Is Robinhood selling users shares without their consent? Yes, it appears Robinhood have sold stocks in GME worth millions. Reports from outraged users all over the internet are appearing in large numbers. Convenient timing of stocks being sold at the daily low, and an outright refusal to answer the question…
Visa Inc. (NYSE: V) said on Thursday that its earnings and revenue in the fiscal first quarter came in better what analysts had anticipated. The company attributed its hawkish performance to strong e-commerce trends in recent months due to the ongoing Coronavirus pandemic. Visa announced a new share buyback…
‘In light of current market volatility, we are restricting transactions for certain securities to position closing only, including $AMC and $GME.’ This is the statement on Robinhood’s official Twitter page. Well, there we have it. When the retail investors finally get the better of the big institutions, they start…
Robinhood has decided to restrict their users from buying certain stocks (while the hedge funds remain free to do so). We feel this is outrageous and as such thought we would provide a list of alternatives to help you, our readers. Here’s a quick summary of what happened and…
In the wake of an internet forum upending the financial markets, this is the question on everyone’s lips: what is WallStreetBets. The r/WallStreetBets subreddit has long been known to users of the platform as a kind of hive mind for day traders, with users approaching the stock market with…
Mastercard Inc. (NYSE: MA) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts’ estimates for profit and revenue after missing estimates in the prior quarter (Q3). Mastercard shares jumped more than 3.5% in premarket trading on Thursday. The U.S. firm now has a…
